| Description |
1 online resource (streaming video file) (54 min. 53 sec.) ; 332086923 bytes |
| Summary |
In episode two of Addicted To Money David McWilliams reveals how Australia and many other nations have become 'one-trick' economies, vulnerable to the inevitable sudden shocks that are a by-product of a fragile, globalised economy. In Australia's case, we have become totally dependent on Chinese resource demand, putting our future in the hands of "a party-state dictatorship with a very big cheque book" says McWilliams.China in turn has marched itself up an economic cul-de-sac, becoming overwhelmingly dependent on demand for its exports and in the process accumulating masses of potentially volatile US dollars. McWilliams predicts that the US is headed for de facto default of its sovereign debt, and this has consequences for all of us.PRODUCTION DETAILS:An Electric Pictures production, produced in association with ABC TV, RTE Ireland, S4C UK with the assistance of Screen Australia, Screen West and Lotterywest. Director: Simon Nasht; Writers: Simon Nasht and David McWilliams; Producers: Andrew Ogilvie and Andrea Quesnelle; Executive Producer: Andrew Ogilvie; ABC TV Commissioning Editor: Dasha Ross |
| Event |
Broadcast 2014-08-14 at 01:00:00 |
| Notes |
Classification: PG |
| Subject |
Bankruptcy.
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Financial crises -- Economic aspects.
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Globalization.
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Unemployment -- Economic aspects.
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Unemployment -- Social aspects.
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Georgia.
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China.
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Iceland.
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| Form |
Streaming video
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| Author |
Nasht, Simon, director
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McWilliams, David, host
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Ferguson, Drew, contributor
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Haarde, Geir, contributor
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Hang, Ye, contributor
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Hansson, Agnar, contributor
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Jackson, Randy, contributor
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Jessen, Inga, contributor
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Loveman, Gary, contributor
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Magnusson, Gylfi, contributor
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Nigro, Dan, contributor
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Olafsson, Magnus, contributor
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Reich, Rob, contributor
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Walden, Jennifer, contributor
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Williams, Debbie, contributor
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Williams, Wayne, contributor
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Ma, Yi, contributor
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